Forum Replies Created
- Originally posted by PaulDobson:
Also our first wrapees are just about to refinance so it will be good to see some of that “paper” profit turn into the real stuff. We intend to continue wrapping.I hope this helps.
Cheers, Paul
I wish you luck on you wrappees refinance… Please let us know how they got on and which bank they used as our’s is still aving trouble finding a bank to do the business,…
Cheers
Calron the Alcamist
Turning things into gold is fun.
[email protected][
]I would do some hard thinking b4 you actually go ahead with a wrap…
If your Wrapper wants to refinance out and pay you off you will probably come up against the same problem on of my wrappers is comming up against at the moment..
Although the value of the property has increased by around 80% the banks with only refinance on the contract value and because of it’s position ie. Rural, They will only give him a 70% LVR and therefore not enough to pay out our contract.After looking at the benefits and then comparing them with the now known problems with refinancing out I would say that wraps are not such a good idea.. Sure we may have an ok income from a wrap and I mean ok not great around 9%. this only covers the interest by only 2% and we have absolutely no benefits of capital growth on it either, therefore no leverage other than a little serviceabilty. To top this we have around $40k tied up in it and at the moment no out..
For an income stream I am now looking at some thing a little more liquid but with the ability of capital growth and leverage thrown in too.I’ve found something thats paying 15% on my money.(sharing in property development profits) So if it’s income you want and you want to be able to use the leverage. These guy’s have a few options to look at.. I’d check em out b4 you do anything http://www.kaizengroup.com.au
Btw I have 8 other property that I have purchased over the last 3 years (2 years at only $30k income) so I have a little experience of the power of leverage..Good luck in what ever you choose to do…
Cheers
Calron
Calron the Alcamist
Turning things into gold is fun.
[email protected][]Originally posted by Derek:Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
Is,nt your signature thefore illegal as you’re advetising your Property Investment support??
And every other mortgage broker etc that post in these forums saying, get in touch with us if you want help etc etc… Putting this all into perspective you mush admit that there is a hell of alot of “unpaid Advertising” on here b4 My so called advertisement..
Calron the Alcamist
Turning things into gold is fun.
[email protected][]Originally posted by bigmark:Ha Ha , I love it Jay, I am a spelling purist as well
Well if your a spelling purist and did your research then you would find that I am using the ancient pure french spelling of the word.
Plus it’s my company name.. So .
Calron the Alcamist
Turning things into gold is fun.
[email protected][]Originally posted by Stuart Wemyss:Hi Calron
Advertising opportunities or properties is not allowed. This also extends to looking for money partners/investors. It is against the forum rules. No one else advertises like this (and if they do the posts are deleted). This forum is here to swap information only.
Steve has made this decision (probably due to the legalities). Also, I can imagine that the forum would turn into http://www.realestate.com.au if we let people advertise.
Cheers
Stu
Did you read the posts that were deleted??
I was not advertising.
Calron the Alcamist
Turning things into gold is fun.
[email protected][]The Posts that were deleted did not contravine any published rules of this forum.
Calron the Alcamist
Turning things into gold is fun.
[email protected][]As for terms and conditions of usage I have read them.
“Users and members expressly acknowledge and agree that PropertyInvesting.com does not exert control over other users and members of the Site and is not liable either for their opinions or their behaviour including any information and/or advice and any defamatory statements or offensive conduct. “
You have clearly exerted control.I merely pointed out an opportunity that I believe people on this board would have been interested in, that why I joined this board..
I believed that this was also the thread to post this sort of post.
“Finance
Have a question about public or private financing? This is the place to post it.”Were my posts that you have removed not questions about finance directed to other members??
I have not conducted fraudulent activety, racist or defamatory posts.
I didn’t think that I broke the rules of the forum at all and am dissapointed that you have taken this action.Calron the Alcamist
Turning things into gold is fun.
[email protected][]Originally posted by Derek:Hi Calron,
I have removed some of your posts as they are nothing more than seeking funds from readers of this community.
I have left the edited initial question remain as there may be some people who can direct you to more appropriate places for private investment funds.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
This is Property investing dot com is it not??
What is the problem with presenting a proprty investment opportunity so that interested parties may have the chance to check it out??Examples r posted by people all the time… You have removed my example.
I don’t see the reason for this.. Please explain.
Calron the Alcamist
Turning things into gold is fun.
[email protected][]I’m on that website too.
I have just bought with my brother a large block of land which now has 230 or so DA approved blocks..
Couldn’t have done it without yourproject.com.au either…
If your interested in commericial developement or similar, I am going to have 2 commercial blocks soon for JV.. Let’s talk…
Cheers
chris
Calron the Alcamist
Turning things into gold is fun.
[email protected][]I maybe able to help you with some off the plan land..
Drop me an email for more info if you like..
Cheers
Calron the Alcamist
Turning things into gold is fun.
[email protected][]If your talking about being Buying a really big boat, an Aston Martin DB9 and spending as much time as you like with your family whenever you like???
Then thats what I’ll be doing next year, Ocassionally organising the next Development..
Ah the life that I have wanted ever since I started work..
I will be Retiring next year at 34.. I order my DB9 in May and the Rivierra in June..
Who wants to come and party in the whitsundays??
Cheers
Calron the Alcamist
Turning things into gold is fun.
[email protected][]My brother and I were at the Brisbane seminar in November and met a few of you that are here on the forum..
About a month b4 we attended I discovered a really cool website on Developement by a developer in Brisbane.
http://www.yourproject.com.au/report.htmI did have to pay for subscription, $279. But I pay $350 for an hour of my Solicitors time so I gave it a go.. BTW other than being a subscriber I have no affiliation with this website or company at all.
I have to say that for the novice developer, or the wanna be developer this site is great..
So anyway, after going to the Bribane seminar we sat down and thought about our direction..
Me having 8 properties at the time and my brother 6. All of them +ve geared enough to bring in $50 – $300 perwk profit and also over 30% avrg equity in each property.
Wrapping and renting is what our folios consisted of both commercial and residential and a couple of flips. All well and good you might say total value of around 6mil..Well we’re both pretty lazy at heart and have a goal to stop working by necessity and enjoy our families. Me having a wife and a 3 month old boy and my Brother his wife and 2 kids.
So looking at what we had, we came to the conclusion that what we were doing amounted to spending lot’s to make play money.So after a few months and learning more about the development side of things we decided to jump in.
The first one we looked at was a win win for a wrappee of our’s and my brother (I had already put the investment in and I just wanted him on my team for his expertise in project managin).
Our first and only wrappee at present, bought on acreage and being a war pensioner has no chance of getting refinancing from the banking institutions. So we made a deal to develop the acreage that he is on.
We come out of it with a tidy profit and he comes out of it with a fully paid down house and 5 acres.This is currently going through the preliminary stages of planning and approval from the local council. So were are looking forward to finalising this in the not so distant future.
This will be a subD consisting of 4 x 2.5 acres or 10 x 1 acre blocks.The second developement has been approved for 230 blocks of land. That from 2 lots of about 110 acres.
Obviously there’s now an issue of selling these off and building the infrastructure but because of careful planning, research and engineers assessments etc, we have given the bank an easy desision to make..
Now were talking about “real money” which is gonna equate to “real freedom”.
We saw Reno’s as a hassle… Lot’s of work for little return..
Building units as lot’s of capital risk because on completion clauses etc..
I think that we have hit our niche…
Just as this website has developed so have my brothers and my ideas and we really have learnt what property investing is really all about…
FAMILY, FREEDOM.. and FUTURE.
Cheers..
Chris Long
Learn to give and you truly will receive.
Calron the Alcamist
Turning things into gold is fun.
[email protected][]Cor… it’s been a while since I was on here… But I have been very busy with new child..
I am currently doing a deal worth ultimately $20,000,000 with nothing down.. It could be worth more but it’s not going to be worth much less.
It can be done… And banks will give you the money to do it with no Financials on you either..
Tis all in the way you put it forwards.
You have to think outside the Dodecahedron to get ahead.
Cheers
Chris LongCalron the Alcamist
Turning things into gold is fun.
[email protected][]Hey Kevin..
I would love to check it out too..
cheersCalron the Alcamist
Turning things into gold is fun.
[email protected][]I’d like to check it out too Fudge…
please send to my email address below
Cheers
Calron the Alcamist
Turning things into gold is fun.
[email protected][]Casey,
Letme know the details of these units.. I am interested. I live in Surfers Paradise too so they’re close for my inpection..
Cheers
Calron the Alcamist
Turning things into gold is fun.
[email protected][]Wouldn’t this also mean extra stamp duty when you change the property title??
And how about the valuation for the change of title??
I don’t know???
Calron the Alcamist
Turning things into gold is fun.
[email protected][]Hi Steve..
I really hate your book. Why? Now I am spending all this money on lawyers, valuers, and banks for all these properties..
And you know what the worst thing is?? All of this money is coming in and it means that I might not have to go to work in a few years time.. I hate it hate it hateit[]LOL
I mean seriously all you negatories, get a life.. In fact no don’t… Stay negative, don’t look for the opportunities because it means there’ll be lot’s more for us who will take them..
I really did dig the book tho…
I just spent a Saturday with a guy driving in his Ferrari Marrenello looking at all the property that he owned or was developing but he was no McKnight and wouldn’t share any info because he saw that as creating competition..
Steve I am really looking forward to hooking up with you at your Brisbane seminar..
cheers
[8D]
Calron the Alcamist
Turning things into gold is fun.
[email protected][]
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